us$ weaker today and gold picking up some support, page-2

Dont worry about the overnite or small moves.

The only relevant info is;

1 The US has record deficits, imbalances, debt, overcapacity, high unemployment, asset price bubbles, that are not going to go away in less than a couple of years, with even the very best economic management. Bushs' relection process, obviously involving very suspect economic management, will only prolong the inevitable.

2 The only way for the US to get rid of the problems is to inflate away, with the biggest victim being the USD

3 The G7, the Fed, the Euro union and other PTB
all agree on this

4 Gold is arguably the best hedge against all this hitting the fan over the next two or so years.